Paysign Inc
NASDAQ:PAYS
Paysign Inc
PaySign, Inc. engages in the provision of prepaid card programs and processing services for corporate, consumer and government applications. The company is headquartered in Henderson, Nevada and currently employs 80 full-time employees. The company went IPO on 2001-07-19. The firm provides a card processing platform consisting of systems and software applications based on the needs of its clients. The company markets its prepaid card solutions under its Paysign brand. Its Paysign platform provides a variety of services, including transaction processing, cardholder enrolment, value loading, cardholder account management, reporting, and customer service. The firm has developed prepaid card programs for corporate incentives and rewards, including but not limited to, consumer rebates and rewards, donor compensation, clinical trials, healthcare reimbursement payments, and pharmaceutical payment assistance. The firm manages all aspects of the prepaid card lifecycle, from the card design and approval processes with partners and networks, to production, packaging, distribution, and personalization.
PaySign, Inc. engages in the provision of prepaid card programs and processing services for corporate, consumer and government applications. The company is headquartered in Henderson, Nevada and currently employs 80 full-time employees. The company went IPO on 2001-07-19. The firm provides a card processing platform consisting of systems and software applications based on the needs of its clients. The company markets its prepaid card solutions under its Paysign brand. Its Paysign platform provides a variety of services, including transaction processing, cardholder enrolment, value loading, cardholder account management, reporting, and customer service. The firm has developed prepaid card programs for corporate incentives and rewards, including but not limited to, consumer rebates and rewards, donor compensation, clinical trials, healthcare reimbursement payments, and pharmaceutical payment assistance. The firm manages all aspects of the prepaid card lifecycle, from the card design and approval processes with partners and networks, to production, packaging, distribution, and personalization.
Record Revenue: Paysign reported record Q3 revenue of $21.6 million, up 41.6% year-over-year, exceeding previous guidance.
Profit Growth: Net income rose 54% to $2.2 million, or $0.04 per share, and adjusted EBITDA increased 78% to $5 million.
Patient Affordability Surge: Patient Affordability revenue grew 142% to $7.9 million, now representing 36.7% of quarterly revenue.
Plasma Business Expands: Plasma revenue grew 12.4% to $12.9 million, with 595 active centers despite industry oversupply.
Margin Improvement: Gross profit margin rose 72 basis points to 56.3%, with further improvements expected as new centers mature.
Raised Guidance: Full-year 2025 revenue guidance raised to $80.5–$81.5 million and net income guidance increased to $7–8 million.
Operational Milestone: Opened a new 30,000 sq. ft. patient support center, quadrupling support capacity.
